Audited Standalone Financial Results for the quarter and financial year ended 31st March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Sobhagya Mercantile Limited approved the Audited Standalone Financial Results for Q4 and FY 2025-26 on May 29, 2026. Statutory auditors M/s Joshi & Shah issued an unmodified (unqualified) opinion, confirming the financial statements present a true and fair view. The company raised Rs. 90.95 crore through preferential issue of convertible warrants in January 2026, which has been fully utilized - Rs. 78.53 crore invested in promoter group SPVs (HAM Road Projects) and Rs. 12.42 crore for working capital/general corporate purposes, with no deviation reported. The Board also approved a material related party transaction with MKS Constro-Venture Private Limited, pending shareholder approval via postal ballot. Additionally, M/s Ashish Mittal & Associates was appointed as Internal Auditors for FY 2026-27.
The clean audit opinion with no deviations in fund utilization is positive for shareholders. However, the material related party transaction with MKS Constro-Venture requires shareholder approval and should be monitored for potential conflicts of interest. The appointment of new internal auditors may indicate a change in internal audit governance.